Solana (SOL) Prints Over 16% Gains In The Last 24 Hours The general cryptocurrency slump left all assets clinging to the support levels to stay afloat. Solana (SOL) was one of the most affected by this movement, deviating from its all-time high of $260.06 to currently trading at $13.75. The total circulating supply of SOL stands at $362,782,994. Also, the 24-hour low is $11.l7, while the […]
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to […]
Solana Bear That SBF Dunked On With $3 Offer Gets the Last Laugh Back in January 2021, when Solana was a relatively new blockchain network and Sam Bankman-Fried wasn’t quite the mythical crypto figure he’d soon become, the FTX founder publicly antagonized a trader who was bearish on Solana’s prospects. “I’ll buy as much SOL [as] you have, right now, at $3,” Bankman-Fried tweeted at the pseudonymous CoinMamba, […]
Solana’s Metaplex slashes workforce Solana-based NFT protocol Metaplex has laid off several of its employees following FTX’s collapse, which has also impacted Solana. Metaplex’s co-founder and CEO Stephen Hess announced the news of the layoff of several Metaplex employees in a tweet thread. Although the number of workers affected was not stated, Hess said that the firm’s financials were […]
Multicoin Expects FTX Contagion To Hold Industry In Its Grips For Weeks To Come In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain write in a 3,400-word letter that the FTX fiasco does not spell doom for the crypto industry, as critics like Peter Schiff and […]
Jump Crypto Debunks Insolvency Claims After Days Of Speculation Regarding Its Finances Jump Crypto has clarified that it is well-capitalized and will not be shutting down. The crypto trading firm had revealed considerable exposure to FTX. Recent transactions suggested that the firm was liquidating its positions. Jump Crypto has had to pour hundreds of millions into its projects this year. The downfall of FTX has had a […]
Kraken extends support for deposits and withdrawals of SOL USDC Besides the Ethereum network, users can now deposit and withdraw USD Coin on Solana and Tron, according to a Twitter post by Bill King, Growth Marketing Lead. The support for these two networks is already live. Users can easily transfer funds to their account by navigating the Funding drop-down box and selecting the network and […]
Why Binance And Top Crypto Exchanges Halt Transactions With Solana Stablecoins Binance and other top crypto exchanges halted stablecoin deposits from the Solana (SOL) blockchain. The companies released an official statement claiming that the measure will be temporary, but it could have harmful implications for the SOL ecosystem. Solana (SOL) trades at $13.5, with a 5% loss in the last 24 hours and a 3% loss […]
Binance, OKX and Bybit temporarily suspend USDC (SOL) & USDT (SOL) deposits Cryptocurrency exchanges Binance and OKX temporarily suspended USDC (SOL) and USDT (SOL) deposits. Binance resumes USDT tokens after a brief halt Binance has resumed accepting deposits for USDT following an internal examination and review of (SOL) on the same day they had temporarily halted the deposits. The withdrawals and deposits had been suspended for a […]
Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility? Solana (SOL) was one of the hardest hit blockchains by the FTX collapse. Even now, more than a week after the initial bankruptcy, SOL continues to buckle under the weight of uncertainty left among its users and investors given Sam Bankman-Fried’s (SBF) heavy involvement in the Solana blockchain. Will SOL continue to suffer or is […]
Binance, OKX and Bybit suspend USDT and USDC deposits on Solana Major cryptocurrency exchanges continue to carry out measures in the aftermath of FTX collapse, now halting deposits in Solana-based Tether USDT (USDT) and USD Coin (USDC). Binance crypto exchange announced on Nov. 17 that deposits of Solana-based USDT and USDC have been “temporarily suspended until further notice” on the platform. The exchange referred to the […]
Top 3 Solana Ecosystem Tokens Below $10 Million Market Cap To Watch In November 2022 Solana is a highly functional open-source project that relies on the permissionless nature of blockchain technology to offer decentralized finance (DeFi) solutions. Solana Tokens have a total market capitalization of $77,486,648,250 and a total trading volume of $55,679,069,816. Let’s look at some of these Solana-based tokens poised to do well in November 2022. Note: This […]
Coachella NFTs Sold for $1.5M—Now They’re Stuck on FTX FTX customers around the world have assets frozen on the cryptocurrency exchange after its sudden collapse last week, apparently to the tune of billions of dollars’ worth in total. And it’s not just cryptocurrency or DeFi tokens either—some users have NFTs stuck in FTX, too. Discord servers tied to projects that launched via the FTX […]
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the […]
Solana investors panic after FTX and Alameda Research fall The fall of Sam Bankman-FTX Fried’s crypto exchange and Alameda Research trading firm is causing unrest in Solana’s SOL market. Some venture capitalists appear to be so concerned that they’re demanding tokens they’d “staked,” or accumulated in the blockchain’s innate security protocol. SOL prices continue to surge under association with FTX SOL, the endemic token […]
Biggest Movers: SOL Gives Up 20% Gains, as FTX Declares Bankruptcy Solana was up by as much as 20% on Friday, as the token rebounded following recent declines. The token which dropped by over 50% earlier in the week, surged today, as traders seemingly bought the dip earlier in the day. However, sentiment has since shifted following the news that FTX has declared bankruptcy. Polygon was […]
Solana Weathers the FTX Storm: SOL Rises 33% Amid 'Crucible Moment' The Solana ecosystem is in crisis this week, as the price of SOL fell sharply—shedding more than half of its value in a day—as the market responded to the collapse of crypto exchange FTX. But fears that Solana’s destruction would only accelerate overnight into Thursday did not pan out. Instead, the price has rebounded sharply. […]
Solana Founders Rally Supporters as SOL Falls 57% Amid FTX Collapse Nearly every major cryptocurrency is in the red this week after crypto exchange FTX revealed its liquidity crunch—and it’s getting worse now that Binance has opted not to rescue the firm. And outside of FTX’s own FTT token, no top crypto is taking it harder right now than Solana. Solana (SOL) has fallen 60% over […]
Crypto.com Pauses Withdrawals of USDC and USDT on Solana Cryptocurrency exchange Crypto.com wrote to customers today in an email seen by Decrypt to notify them that all deposits and withdrawals for Tether's USDT and Circle's USDC have been suspended on the Solana network. The pause is effective immediately, but the email did not explain why the exchange chose to suspend these transfers. The two […]
These Solana Numbers May Scare Off SOL Investors – Here’s Why After Binance and FTX engaged in a word war on social media – and eventually making amends (well, sort of; Binance said today it’s buying FTX) – Solana got dumped violently. Solana’s native token, SOL, is trading in the red across all time frames, as reported by CoinGecko, lending credence to the bearish claims. When […]
